Domo (NASDAQ:DOMO) Insider Rpd Fund Management Llc Sells 39,034 Shares of Stock

Domo, Inc. (NASDAQ:DOMO) insider Rpd Fund Management Llc sold 39,034 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $4.46, for a total value of $174,091.64. Following the transaction, the insider directly owned 4,187,809 shares in the company, valued at $18,677,628.14. This trade represents a 0.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rpd Fund Management Llc also recently made the following trade(s):

• On Friday, May 29th, Rpd Fund Management Llc sold 38,583 shares of Domo stock. The stock was sold at an average price of $4.12, for a total value of $158,961.96.
• On Thursday, May 28th, Rpd Fund Management Llc sold 23,869 shares of Domo stock. The shares were sold at an average price of $3.84, for a total transaction of $91,656.96.
• On Wednesday, May 27th, Rpd Fund Management Llc sold 27,439 shares of Domo stock. The shares were sold at an average price of $3.71, for a total transaction of $101,798.69.
• On Tuesday, May 26th, Rpd Fund Management Llc sold 15,828 shares of Domo stock. The shares were sold at an average price of $3.68, for a total transaction of $58,247.04.
• On Friday, May 22nd, Rpd Fund Management Llc sold 11,837 shares of Domo stock. The stock was sold at an average price of $3.65, for a total transaction of $43,205.05.
• On Wednesday, May 20th, Rpd Fund Management Llc sold 20,870 shares of Domo stock. The stock was sold at an average price of $3.56, for a total transaction of $74,297.20.
• On Tuesday, May 19th, Rpd Fund Management Llc sold 32,955 shares of Domo stock. The shares were sold at an average price of $3.79, for a total transaction of $124,899.45.
• On Monday, May 18th, Rpd Fund Management Llc sold 16,628 shares of Domo stock. The shares were sold at an average price of $3.66, for a total transaction of $60,858.48.
• On Friday, May 15th, Rpd Fund Management Llc sold 22,683 shares of Domo stock. The stock was sold at an average price of $3.49, for a total transaction of $79,163.67.
• On Monday, April 13th, Rpd Fund Management Llc sold 1,100,900 shares of Domo stock. The shares were sold at an average price of $2.56, for a total transaction of $2,818,304.00.

Domo Stock Down 12.4%

DOMO stock opened at $3.75 on Thursday. The business’s fifty day moving average is $3.48 and its 200-day moving average is $5.78. The company has a market cap of $169.31 million, a P/E ratio of -2.59 and a beta of 1.78. Domo, Inc. has a twelve month low of $2.39 and a twelve month high of $18.49.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Tuesday, March 10th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.16). The company had revenue of $79.63 million during the quarter, compared to analyst estimates of $78.65 million. The firm’s revenue was up 1% compared to the same quarter last year. Research analysts anticipate that Domo, Inc. will post -1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Domo

Several hedge funds have recently modified their holdings of DOMO. Brevan Howard Capital Management LP boosted its holdings in shares of Domo by 3.9% during the 3rd quarter. Brevan Howard Capital Management LP now owns 50,740 shares of the company’s stock worth $804,000 after buying an additional 1,924 shares during the period. Verition Fund Management LLC raised its holdings in Domo by 8.1% in the 4th quarter. Verition Fund Management LLC now owns 35,876 shares of the company’s stock valued at $302,000 after acquiring an additional 2,679 shares during the period. Creative Planning lifted its position in Domo by 23.2% during the second quarter. Creative Planning now owns 15,362 shares of the company’s stock worth $215,000 after acquiring an additional 2,889 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Domo during the second quarter worth approximately $42,000. Finally, Global Wealth Strategies & Associates bought a new stake in shares of Domo during the fourth quarter worth approximately $28,000. Institutional investors own 76.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DOMO. Cantor Fitzgerald decreased their price objective on shares of Domo from $13.00 to $8.00 and set an “overweight” rating for the company in a report on Wednesday, March 11th. Citizens Jmp reissued an “underperform” rating and set a $3.50 price target on shares of Domo in a research report on Friday, February 13th. DA Davidson decreased their price target on shares of Domo from $10.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, March 11th. TD Cowen lowered their price objective on shares of Domo from $16.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Finally, Lake Street Capital dropped their price objective on Domo from $13.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.92.

Key Stories Impacting Domo

Here are the key news stories impacting Domo this week:

• Positive Sentiment: Domo said it is working with Regional One Health Solutions to use AI in healthcare operations on AWS, which could support its AI narrative and showcase real-world enterprise demand. Domo and Regional One Health Solutions Put AI to Work in Healthcare Operations, Built on AWS
• Neutral Sentiment: News flow also highlighted Domo as part of a broader group of software stocks trading lower, suggesting some of the move may be driven by sector sentiment rather than company-specific fundamentals alone. Domo, ZoomInfo, Upland Software, and commerce stocks trade down, what you need to know
• Negative Sentiment: Multiple SEC filings showed RPD Fund Management LLC repeatedly selling Domo shares in late May and early June, including a larger sale of 39,034 shares at $4.46 and several additional sales in the days before that. Repeated insider selling can weigh on investor sentiment and signal caution about near-term upside. SEC insider transaction filings

About Domo

Domo, Inc (NASDAQ: DOMO) is a cloud-based software company that specializes in business intelligence and data analytics. The company’s flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.

Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.